Eastern Air Logistics Co (SHSE:601156) Days Payable : 33.66 (As of Mar. 2024)

View and export this data going back to 2021. Start your Free Trial

What is Eastern Air Logistics Co Days Payable?

Eastern Air Logistics Co's average Accounts Payable for the three months ended in Mar. 2024 was ¥1,622 Mil. Eastern Air Logistics Co's Cost of Goods Sold for the three months ended in Mar. 2024 was ¥4,397 Mil. Hence, Eastern Air Logistics Co's Days Payable for the three months ended in Mar. 2024 was 33.66.

The historical rank and industry rank for Eastern Air Logistics Co's Days Payable or its related term are showing as below:

SHSE:601156' s Days Payable Range Over the Past 10 Years
Min: 24.68 Med: 34.5 Max: 82.99
Current: 31.76

During the past 8 years, Eastern Air Logistics Co's highest Days Payable was 82.99. The lowest was 24.68. And the median was 34.50.

SHSE:601156's Days Payable is ranked worse than
59.89% of 935 companies
in the Transportation industry
Industry Median: 39.02 vs SHSE:601156: 31.76

Eastern Air Logistics Co's Days Payable increased from Mar. 2023 (30.85) to Mar. 2024 (33.66). It may suggest that Eastern Air Logistics Co delayed paying its suppliers.

Eastern Air Logistics Co Days Payable Historical Data

The historical data trend for Eastern Air Logistics Co's Days Payable can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

* Premium members only.

Eastern Air Logistics Co Days Payable Chart

Eastern Air Logistics Co Annual Data

Trend

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Days Payable

Get a 7-Day Free Trial

34.50

37.98

27.96

24.68

32.67

Eastern Air Logistics Co Quarterly Data
	Dec16	Dec17	Dec18	Dec19	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
Days Payable	Get a 7-Day Free Trial															30.85	31.06	33.34	32.43	33.66

Competitive Comparison of Eastern Air Logistics Co's Days Payable

For the Integrated Freight & Logistics subindustry, Eastern Air Logistics Co's Days Payable, along with its competitors' market caps and Days Payable data, can be viewed below:

* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.

Eastern Air Logistics Co's Days Payable Distribution in the Transportation Industry

For the Transportation industry and Industrials sector, Eastern Air Logistics Co's Days Payable distribution charts can be found below:

* The bar in red indicates where Eastern Air Logistics Co's Days Payable falls into.

Eastern Air Logistics Co Days Payable Calculation

Days Payable indicates the number of days that the account payable relative to cost of goods sold the company has. An increase of Days Payable may suggest that the company delays paying its suppliers.

Eastern Air Logistics Co's Days Payable for the fiscal year that ended in Dec. 2023 is calculated as

	Days Payable (A: Dec. 2023 )
=	Average Accounts Payable					/	Cost of Goods Sold	*	Days in Period
=	( (Accounts Payable (A: Dec. 2022 )	+	Accounts Payable (A: Dec. 2023 ))	/	count )	/	Cost of Goods Sold (A: Dec. 2023 )	*	Days in Period
=	( (1078.486	+	1818.292)	/	2 )	/	16179.708	*	365
=	1448.389					/	16179.708	*	365
=	32.67

Eastern Air Logistics Co's Days Payable for the quarter that ended in Mar. 2024 is calculated as:

	Days Payable (Q: Mar. 2024 )
=	Average Accounts Payable					/	Cost of Goods Sold	*	Days in Period
=	( (Accounts Payable (Q: Dec. 2023 )	+	Accounts Payable (Q: Mar. 2024 ))	/	count )	/	Cost of Goods Sold (Q: Mar. 2024 )	*	Days in Period
=	( (1818.292	+	1425.208)	/	2 )	/	4396.602	*	365 / 4
=	1621.75					/	4396.602	*	365 / 4
=	33.66

Eastern Air Logistics Co Days Payable Related Terms

Thank you for viewing the detailed overview of Eastern Air Logistics Co's Days Payable provided by GuruFocus.com. Please click on the following links to see related term pages.

Eastern Air Logistics Co (SHSE:601156) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Transportation » Eastern Air Logistics Co Ltd (SHSE:601156) » Definitions » Days Payable

Comparable Companies

Traded in Other Exchanges

N/A

Address

66 Airport Avenue, Pudong Airport, Shanghai, CHN, 201207

Website

https://www.eal-ceair.com

Eastern Air Logistics Co Ltd provide comprehensive ground services and comprehensive logistics solutions.

Eastern Air Logistics Co (SHSE:601156) Headlines

No Headlines